WEBL vs. UGA
WEBL (Daily Dow Jones Internet Bull 3X Shares) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - WEBL is a Leveraged Equities fund tracking the Dow Jones Internet Composite Index (300%), while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, WEBL returned -23.96%/yr vs 22.69%/yr for UGA. At a 0.11 correlation, their price movements are largely independent. WEBL charges 1.17%/yr vs 0.75%/yr for UGA.
Performance
WEBL vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, WEBL achieves a -21.23% return, which is significantly lower than UGA's 64.09% return.
WEBL
- 1D
- -1.73%
- 1M
- -17.85%
- YTD
- -21.23%
- 6M
- -23.52%
- 1Y
- -17.16%
- 3Y*
- 26.17%
- 5Y*
- -23.96%
- 10Y*
- —
UGA
- 1D
- -1.12%
- 1M
- -12.11%
- YTD
- 64.09%
- 6M
- 60.42%
- 1Y
- 59.74%
- 3Y*
- 18.95%
- 5Y*
- 22.69%
- 10Y*
- 14.31%
WEBL vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WEBL Daily Dow Jones Internet Bull 3X Shares | -21.23% | 2.37% | 76.78% | 165.50% | -91.04% | 2.73% | 132.56% | 10.36% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | -24.88% | 4.29% |
Correlation
The correlation between WEBL and UGA is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | 0.11 |
The correlation between WEBL and UGA shifts across timeframes, from -0.15 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WEBL vs. UGA — Risk / Return Rank
WEBL
UGA
WEBL vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) and United States Gasoline Fund LP (UGA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WEBL | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 3.17 | -3.47 |
| Martin ratioReturn relative to average drawdown | -0.64 | 9.39 | -10.03 |
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Drawdowns
WEBL vs. UGA - Drawdown Comparison
The maximum WEBL drawdown since its inception was -94.44%, which is greater than UGA's maximum drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for WEBL and UGA.
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Drawdown Indicators
| WEBL | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -86.59% | -7.85% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -18.96% | -37.61% |
Max Drawdown (3Y)Largest decline over 3 years | -60.82% | -26.68% | -34.14% |
Max Drawdown (5Y)Largest decline over 5 years | -94.44% | -38.11% | -56.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -76.81% | -18.05% | -58.76% |
Average DrawdownAverage peak-to-trough decline | -58.96% | -36.69% | -22.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.95% | 6.43% | +20.52% |
Volatility
WEBL vs. UGA - Volatility Comparison
Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 22.71% compared to United States Gasoline Fund LP (UGA) at 9.24%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEBL | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.71% | 9.24% | +13.47% |
Volatility (6M)Calculated over the trailing 6-month period | 46.69% | 30.57% | +16.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.90% | 35.22% | +23.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.00% | 34.45% | +46.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.85% | 37.22% | +45.63% |
WEBL vs. UGA - Expense Ratio Comparison
WEBL has a 1.17% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
WEBL vs. UGA - Dividend Comparison
WEBL's dividend yield for the trailing twelve months is around 0.25%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WEBL Daily Dow Jones Internet Bull 3X Shares | 0.25% | 0.25% | 0.00% | 0.00% | 0.00% | 4.79% | 0.00% | 0.06% |
Frequently Asked Questions
WEBL and UGA have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBL has higher volatility (22.71%) compared to UGA (9.24%). In terms of maximum drawdown, WEBL dropped -94.44% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs -23.96% for WEBL. On fees, UGA is cheaper at 0.75% per year. On volatility, UGA has been the lower-risk option at 9.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UGA has performed better with a 22.69% return vs -23.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGA is cheaper with a 0.75% expense ratio, compared with 1.17% for WEBL.
WEBL has the higher dividend yield at 0.25%, compared with 0.00% for UGA.
WEBL is categorized as Leveraged Equities, while UGA is Oil & Gas. WEBL tracks Dow Jones Internet Composite Index (300%), while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Direxion and Concierge Technologies. Their fees differ too: 1.17% for WEBL and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (1.73 vs -0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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